$Evio still has three delinquent quarterly reports outstanding. $EVIO Q1 2019 went delinquent on Feb 15. $EVIO Q2 2019 went delinquent on May 15 and recently $EVIO Q3 2019 went delinquent on August 15. Until these three Q's are filed the company will remain on the pink sheets and keep the stop sign.
Any "blips" in stock volume over the past 8 months that the company has been delinquent in its filings can be tied to news reports of $EVIO Florida's announcements, interviews or activities.
The "pink sheet" crowd you refer too. The college kids and assorted other gamblers playing the .0001 - .0003 can i make enough of this stinky flip to host a kegger blast & thot party this weekend. They mostly all left the $EVIO party when the stock rollback occurred and the big cash raise announced early last year.
$EVIO was given a lot "benefit of the doubt" by a lot of investors for having an angle on what appears to be a catbird seat market positioning of being the only national/international pubco cannabis lab deal around.
Small cap cannabis speculators have had major issues with $EVIO for a very long time because of management. ALan Brochstein ongoing commentary on William Waldrops decision making, ongoing late filings, toxic debt accumulation and close personal business associations with known pump and dump penny pigs like Joseph Wade is but a few examples of many issues brought to light as concerns for many seasoned investors.
From a 2$ a share high in Jan 2018 coming off the $6m raise announcement its been downhill from there as management has confidently aimed the gun at their own foot and just kept pulling the trigger. The lost partnerships, the lost labs, millions wasted on lost acquisitions, the licenses lost in Oregon, the late filings and now of course the STOP sign on $evio pretty much drove away anyone who bought into the narrative as evidenced by the stock price collapse from 2$ to 20 cents
Add on the fact that the company has no investor relations team and doesnt communicate frequently with shareholders, and when they do its mostly opaque in tenor and doesnt typically address the anything of substance. A recipe that doesnt generate much hope in current shareholders or working a narrative to find new ones
Enter $evio FLorida whose fresh look and slick presentation had NBC ABC CBS locally and from around the country talking up testing of CBD - thats the latest round of new investors in the company.
Outside of the tryhard diehards on this board the OTC/small cap marketplace has seen and heard enough of Waldrops bad management, bad decisions, arrogance, incompetence and dictator style to want absolutely nothing to do with $EVIO
This is why you see big blips in trades and weak volume otherwise.
Go back and do the research. the big volume periods can be tracked back to a news story on EVIO - Definitely not news releases BY $EVIO
The only other times there are big volume is when $EVIO management leak material information to friends and insiders who then act on that illegal information to trade ahead of the public to make profits from insider intel.
The trading period around the last week of 2017 is a great example of this. No news was released by the company. No stories were published in the media about the company. It was the week between xmas and new year... yet $EVIO jumped significantly on MASSIVE volume. Why? nobody had a clue. That is Until the $EVIO company PR came out in Feb 2018 announcing the closing of the $6m raise. And guess what. The day back in December 2017 when the volume spiked massively and the price jumped by2x was the day the funding closed.
Taking care of insiders and leaving the shareholders to freeze to death in the wilderness has been the style of management to date. Waldrops one skill is telling the person in front of him exactly what they want to hear to make them happy. Does he have the brainpower, the team infrastructure, the temperament, the delegation skills, the ability and the support and respect of $EVIO employees to make whatever promises he makes reality, HELL NO! LOL
Thats why the incredible turnover of corporate staff and lab staff. His arrogant dismissive seat of the pants house on fire management style just makes so many people used to working with self aware professionals just up and quit. I can speak from experience
Waldrop has commissioned a lot of work and then refuses to pay. Long time board members will remember the NNN post. Many in here complained that it was underhanded of NNN to post a debt collection notice on the board. Trust me. IF youve had the experience in chasing deadbeat Waldrop down for an outstanding debt its an option.
There is no proper corporate structure at $EVIO - there is no mission statement that the team aspires to. There is definitely no delegation, no accounts receivable department. Waldrop micromanages everything to a major fault.
This temperament of personal insecurity bordering on a mental illness of hiding from creditors or ghosting consultants, partnerships and collabs has left a bad taste in the mouth of many in the industry.
Refer back again to the constant exodus of corp officers over the past 18 months. There is a lot more to this story of incompetence, negligence and lies. And thats pretty obvious to anyone when a tiny pink sheet co with 3m in revenue files 8 months late
CBD has been the hottest topic of conversation in 2019 and EVIO isnt in it, major deals going down for brands nationwide in CVS and Safeway and 7-11 etc etc - Wheres $EVIO? certainly NOT announcing multi million dollar / multi year agreements with multiple nationwide CBD brands taking the lead on the market and owning the marketplace.
Thats because once they meet him twice, nobody wants to work with Waldrop again. The one time meet is the charm, the second meet is death
SO while zero announcements of actual major partners are absent from the scene we get the vanity announcement of hemptesting.com / There hasnt been a PR post the release of the K on aug 19 to clarify what the what is going on with the company, its future, its prospects, its status of existence after dipping down to 20 cents and rumors of insolvency flying around, two lost licenses another license suspension, a new california lab in limbo a Massachusetts lab in limbo with millions sunk into both for over a year and no returns for investors.
No PR but we get a tweet and an announcement on Waldrops personal LinkedIn page about hemp testing. More insecurity. More vanity. No client announcements. No press release to tell the world theyre launching hemptesting or cbd testing.
More story to come
